NioBay Metals Announces Additional Mineralized Intersections

On November 18, 2025, NioBay Metals announced the remaining drill results from its completed 15-hole, 3,324-metre summer drill campaign at the Crevier Niobium and Tantalum Project in Quebec. The results confirmed additional mineralized intercepts consistent with previous findings, with notable intervals including 9.9 metres of 0.2273% Nb2O5 and 11.3 metres of 0.2473% Nb2O5.

The company also confirmed the completion of a 140-tonne bulk sample collection, which will be used for a significantly larger pilot test. With the field season at Crevier concluded, the company will now shift its focus to its James Bay Niobium property in Ontario for the winter season.

The latest news is a routine operational update that is incrementally positive. It confirms the successful completion of the previously announced drill program and bulk sample collection at the Crevier project. The drill results are consistent with those released on September 11, 2025, from the same program, confirming the continuity of mineralization over a strike length of more than six kilometers.

This news is not material on its own, as it represents the expected conclusion of a program that was already underway and partially reported. It demonstrates competent execution by management but does not introduce a new, unexpected catalyst. The truly material news in recent history was the announcement on October 9, 2025, that the company received the exploration permit for its James Bay Niobium Project, which was followed by positive metallurgical results for Crevier on October 20. The stock's significant price increase and subsequent pullback reflect the market's digestion of that more impactful news.

This release serves to reinforce the geological model at Crevier and signals that the project is advancing steadily toward a larger pilot test and an updated resource estimate. The shift in focus to the James Bay project is a logical next step following the receipt of the permit and is consistent with the company's strategy. Therefore, the impact is Routine - Positive.

NioBay Metals is a Canadian exploration company focused on critical and strategic minerals. The company has two primary niobium projects: - Crevier Niobium & Tantalum Project: Located in Quebec, NioBay holds a 72.5% interest. This is the company's most advanced project, with recent work focused on drilling to expand the resource, metallurgical testing, and pilot-scale production of niobium oxide targeted for the battery industry. - James Bay Niobium Project: Located in Ontario, this project has been stalled since 2022 due to issues with the local First Nation. The recent grant of a 3-year exploration permit is a major de-risking event and catalyst, allowing exploration to resume. The company also holds the Foothills titanium project in Quebec.